RSM advises on sale of comms and enterprise methods agency
The M&A and private equity team of the auditing, tax and consulting company RSM advised on the sale of a specialist in communication and corporate systems.
RSM’s M&A and private equity team advised Cellular Solutions shareholders on the sale of the business to Communications Plus, a B2B telecommunications provider.
Cellular Solutions, based in the northeast, was founded by Mike Bowers in 1995 and is part of the O2 Direct partner network, which offers its customers cellular, landline, broadband and software services.
Merseyside-based Communications Plus employs more than 200 people in 21 locations and was named O2 Franchise of the Decade in 2018.
As part of the transaction, Cellular Solutions’ business software division was transferred to Smith Cooper System Partners, an accredited business partner of Sage.
Steven Brown, Associate Director at RSM, said, “Cellular Solutions is a long-time RSM customer and it has been a pleasure to work with Mike and the other shareholders. He has built a successful company based on a proactive, personal and problem-solving approach . ” for account management, practices shared by Communications Plus.
“I look forward to seeing the combined business grow stronger.”
Swinburne Maddison provided legal advice to the shareholders. Communications Plus was advised by Langtons (finance) and Gunnercooke (law). Flint Bishop has acted as legal advisor to Smith Cooper System Partners.
